Streetbeat News

Earnings

UAVS

AgEagle Aerial Systems reported a year-over-year decrease in Q2 revenue results, leading to a drop in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:16 pm

HUBC

Hub Cyber Security reported its FY22 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:15 pm

HRB

H & R Block Inc (NYSE:HRB) shares gained as much as 11% after the company issued upbeat Q2 earnings and increased its dividend by 10%. The company reported strong revenue growth, substantial EBITDA growth, and a 9% increase in adjusted EPS. Positive customer feedback, growth in its Small Business sector, and efficient implementation of the “Block Horizons” strategy also contributed to the year’s accomplishments.

Portfolio Pulse from AJ Fabino

August 16, 2023 | 7:14 pm

SCTL

Societal CDMO Inc. (NASDAQ:SCTL) reported Q2 2023 revenues of $21.8 million, down from $23.2 million in the same period of 2022. The company also reported a net loss of $3.2 million for the quarter. CEO David Enloe stated that despite challenges, the company continues to win new business and expand existing programs. However, due to an unfavorable financing environment, the company's EBITDA guidance for 2023 has been revised down from $15-18 million to $12-15 million.

Portfolio Pulse from Lara Goldstein

August 16, 2023 | 7:00 pm

EL

RBC Capital Markets analyst Nik Modi has reiterated an Outperform rating on Estee Lauder Companies, Inc. (EL), but lowered the price target from $265 to $195. Modi expects a solid reaction to EL's upcoming Q4 and full-year results, but the direction is uncertain. The analyst notes that EL is losing market share in North America, but sees strong growth in Mainland China. For FY24, Modi expects 0-2% top-line growth and EPS of $4.10-$4.40.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2023 | 6:52 pm

VEDU

Visionary Education Technology Holdings Group (VEDU) reported its FY23 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:52 pm

HRB

H&R Block Inc's Q4 FY23 results have led to a boost in its price target by analysts, despite concerns about long-term growth. The company reported earnings of $2.05 per share, beating the consensus estimate of $1.89, and sales of $1.03 billion, also beating the consensus estimate of $1.01 billion. Barrington Research analyst Alexander Paris Jr raised the price target to $44 from $42, while Goldman Sachs analyst George K. Tong reiterated a Sell rating but increased the price target to $32 from $28. HRB shares are currently trading higher by 9% at $38.56.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 6:50 pm

ANF

Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Abercrombie & Fitch Company (ANF), raising the price target to $47 from $35. The analyst expects ANF's 2Q23 total revenue to increase 5.2% Y/Y to $847 million, slightly ahead of the consensus of $839 million. The A&F brand is expected to remain healthy with a more resilient customer base and robust assortment. ANF shares are trading higher by 2.27% to $42.37.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2023 | 6:46 pm

SE

Sea Limited's Q2 FY23 results missed expectations, with revenue growth of 5.2% YoY to $3.096 billion, below the consensus of $3.420 billion. Adjusted EPS of $0.54 also missed the consensus of $0.69. The company's Digital Entertainment revenue decreased by 41.2% YoY, while E-commerce and other services revenue increased by 20.6% YoY. Analysts from Goldman Sachs, Citigroup, B of A Securities, and Bernstein have re-rated the stock, with some maintaining their ratings and others downgrading.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 6:31 pm

BBBYQ

HD

TGT

TJX

The TJX Companies Inc (TJX) reported a strong Q2 with a 7.7% YoY rise in sales to $12.76 billion, beating estimates. Net income rose to $989 million, or 85 cents per share, and traffic increased across all segments. Unlike other retailers, TJX benefited from price-conscious consumers who are still willing to splurge on discounted premium apparel. The company raised its full-year guidance for comparable store sales and EPS. TJX's strong performance is contrasted with Target Corporation (TGT) and Home Depot (HD), whose sales slid as consumers prioritized needs over wants.

Portfolio Pulse from Upwallstreet

August 16, 2023 | 6:30 pm